Price Declines Continue Across Housing Markets as Affordability Improves
“As the housing market rebalances, price declines will continue across many markets, but those declines would have to be substantial to erase all of the equity gains accumulated by homeowners [...]
Median Price of Homes for Sale Increased in March Amid Slowing Inventory
The median price of homes for sale increased by 6.3% annually in March, according to Realtor.com's 2023 Monthly Housing Market Trends Report, as homes spent an average of 18 days [...]
Share of Delinquent Mortgages Drops Below 3%
CoreLogic reports that the share of home loans in delinquency continues to dip nationwide, down from a high of 7.3% in the spring of 2020, and down by 0.5 percentage [...]
Court Grants Class Certification in Case Challenging Buyer Broker Commissions
A judge in the U.S. District Court for Northern Illinois has granted plaintiffs class certification in an antitrust suit against NAR that challenges home sellers paying the commissions of real [...]
Sun Belt Destinations Most Popular Among Homebuyers Looking to Relocate
Florida has topped the list of popular relocation destinations again, according to a new report from Redfin, as relocators made up a bigger portion of homebuyers than ever due to [...]
Pending Home Sales Numbers Improve, Further Incremental Improvements Expected
“Home sales activity looks to be bottoming out in the first quarter of this year, before incremental improvements will occur,” said NAR Chief Economist Lawrence Yun. Source: DS News
FHFA Declares Enhanced Payment Deferral Policies for Borrowers
For those facing financial hardship, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers to defer up to six [...]
HUD Issues Proposed Rule on Floodplain Management
The Department’s Proposed Rule would revise regulations governing floodplain management, and the protection of wetlands to implement the Federal Flood Risk Management Standard. Source: DS News
Baby Boomers Now Make Up Nearly 40% of Homebuyers Nationwide
The share of baby boomers across the U.S. now makes up 39% of homebuyers, the most of any generation and an increase from nearly 30% in 2022, according to a [...]